Whipplewood Advisors LLC Invests $132,000 in Reinsurance Group of America, Incorporated (NYSE:RGA)

Whipplewood Advisors LLC bought a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 616 shares of the insurance provider’s stock, valued at approximately $132,000.

Other institutional investors have also made changes to their positions in the company. Eagle Asset Management Inc. lifted its position in shares of Reinsurance Group of America by 15.7% during the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock worth $25,297,000 after purchasing an additional 15,289 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Reinsurance Group of America by 19.2% during the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider’s stock worth $38,895,000 after purchasing an additional 29,352 shares in the last quarter. Martin Capital Partners LLC acquired a new position in shares of Reinsurance Group of America during the fourth quarter worth $1,788,000. Nordea Investment Management AB lifted its position in shares of Reinsurance Group of America by 4.8% during the fourth quarter. Nordea Investment Management AB now owns 89,837 shares of the insurance provider’s stock worth $19,232,000 after purchasing an additional 4,119 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Reinsurance Group of America by 23.8% during the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider’s stock worth $3,077,000 after purchasing an additional 2,768 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RGA has been the topic of a number of recent research reports. Piper Sandler reduced their target price on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley cut their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $229.62.

Reinsurance Group of America Stock Up 0.7 %

Shares of NYSE:RGA opened at $200.37 on Friday. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 18.66 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 1-year low of $174.45 and a 1-year high of $233.81. The company’s fifty day moving average is $214.36 and its two-hundred day moving average is $216.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 1.78%. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.